In 2018, the global Automotive TIC market size was 14000 Million USD and it is expected to reach 20500 Million USD by the end of 2025, with a CAGR of 5.6% during 2019-2025.
The Automotive Testing, Inspection and Certification (TIC) sector consists of conformity assessment bodies that provide services ranging from auditing and inspection to testing, verification, quality assurance, and certification.
The rising number of accidents, increasing automation in vehicles, advanced and more sophisticated components and features of a vehicle, increasing pollution, these are factors due to which demand for vehicle tasting and inspection is increasing day by day.
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In 2017, Europe dominated the automotive testing, inspection, and certification market with 43.7% share, thanks to the presence of some of the world’s leading automotive manufacturers and a steadily expanding domestic automotive industry.
North America also accounts for a significant share in the global market owing to the well-established automotive sector. In regions like Europe and North America, stringent rules for periodic vehicle inspection and testing are laid down so as to ensure the safety of human life. These regulations are also key drivers for the automotive testing, inspection, and certification market in these regions.
This report focuses on the global Automotive TIC status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Automotive TIC development in the United States, Europe, and China.
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THE KEY PLAYERS COVERED IN THIS STUDY
o TÜV SÜD Group
o Bureau Veritas
o Applus Services
o SGS Group
o Intertek Group
o TÜV Rheinland Group
o TÜV Nord Grou
MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO
MARKET SEGMENT BY APPLICATION, SPLIT INTO
o Passenger Cars
o Commercial Vehicles
MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS
o United States
o Southeast Asia
o Central & South America
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